-The Asian Age Is the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) a “living monument” of the failure of the economic policies of the Indian National Congress which has ruled the country for all but roughly 14 years since August 1947? Or is it that the MGNREGA, a law enacted a decade ago which seeks to implement the world’s biggest and most ambitious job creating scheme, one of the few...
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U-turn on MGNREGA? Now, NDA govt terms scheme cause of 'national pride'
-PTI New Delhi: As MGNREGA completes ten years on Tuesday, Narendra Modi govermment, which earlier appeared critical of the UPA's flagship rural job scheme, on Monday hailed the measure saying the achievements of a decade are a "cause of "national pride and celebration". In a statement, the government also claimed that the last financial year saw a "revival" of the programme and announced that the focus in upcoming years will be towards...
More »‘Urban poor own nominal assets’ -Samarth Bansal
-The Hindu On an average, rural and urban households own assets worth Rs.10 lakh and Rs.23 lakh respectively. The average asset holding of the bottom 10 per cent of urban Indian households is around Rs. 291, new data from the National Sample Survey Office (NSSO) show. Most households reported owning some kind of physical or Financial Assets, the survey, conducted in 2012-13 and made public on Friday, shows. On an average, rural and...
More »Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »Think different on infrastructure
-The Hindu When the going gets tough, public investment must be stepped up to pump-prime a slow-moving economy facing uncertain headwinds of low commodity prices and faltering international trade. When the going is good, the private sector would also have a role to play, Finance Minister Arun Jaitley has said, vowing to ramp up infrastructure investments in 2016-17. Ten months ago, in his first Budget for a full financial year, Mr....
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